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    BLDP   CA0585861085

BALLARD POWER SYSTEMS INC.

(BLDP)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-12-09 pm EST
7.350 CAD   -1.21%
12/08Toronto Stocks Inch Higher; Secure Energy Services Rises on Share-Repurchase Plan
DJ
12/08Ballard Power Systems Initiated at Market Perform at BMO Capital Markets; Price Target Set at US$5.50
MT
12/08Ballard Up 2.3% In US Pre-Market As It and Amogy Sign Contract to Integrate Maritime Fuel Cell Engines in Zero-emission Ammonia-to-power Platform
MT
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Ballard Announces Global Manufacturing Strategy, Including Plan to Invest $130 Million in MEA Manufacturing Facility and R&D Center in Shanghai, China

09/30/2022 | 08:30am EST

Ballard Power Systems announced its strategy 'local for local' where it plans to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030. As part of this strategy, Ballard has entered into an investment agreement with the Government of Anting in Shanghai's Jiading District to establish its new China headquarters, membrane electrode assembly (MEA) manufacturing facility and R&D center at a site strategically located at the Jiading Hydrogen Port, located in one of China's leading automotive industry clusters. Ballard plans to invest approximately $130 million over the next three years, which will enable annual production capacity at the new MEA production facility of approximately 13 million MEAs, which will supply approximately 20,000 engines.

Ballard expects to be able to achieve significant capacity expansion of this facility in future phases with much lower capital requirements. The facility will also include space to assemble approximately 600 engines annually to support the production and sale of Ballard engines in the rail, marine, off-road and stationary markets in China, as well as for certain export markets.


ę S&P Capital IQ 2022
All news about BALLARD POWER SYSTEMS INC.
12/08Toronto Stocks Inch Higher; Secure Energy Services Rises on Share-Repurchase Plan
DJ
12/08Ballard Power Systems Initiated at Market Perform at BMO Capital Markets; Price Target ..
MT
12/08Ballard Up 2.3% In US Pre-Market As It and Amogy Sign Contract to Integrate Maritime Fu..
MT
12/08Amogy Inc. Signs Contract to Purchase Fuel Cell Engines from Ballard Power Systems for ..
CI
12/08Amogy and Ballard sign contract to integrate maritime fuel cell engines in zero-emissio..
PR
12/08Ballard Power Brief: Amogy and Ballard sign contract to integrate ma..
MT
12/08BMO Capital Starts Ballard Power Systems at Market Perform With $5.50 Price Target
MT
12/07Hydrogen Fuel Cells Are The Future O : This is How the UK Can Get There
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11/17Ballard receives order for 25 fuel cell engines from European company
AQ
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Analyst Recommendations on BALLARD POWER SYSTEMS INC.
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Financials (USD)
Sales 2022 92,8 M - -
Net income 2022 -178 M - -
Net cash 2022 883 M - -
P/E ratio 2022 -9,13x
Yield 2022 -
Capitalization 1 609 M 1 609 M -
EV / Sales 2022 7,83x
EV / Sales 2023 7,57x
Nbr of Employees 785
Free-Float 84,4%
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Technical analysis trends BALLARD POWER SYSTEMS INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 24
Last Close Price 5,39 $
Average target price 5,84 $
Spread / Average Target 8,32%
EPS Revisions
Managers and Directors
R. Randall MacEwen President, CEO & Non-Independent Director
Paul Dobson Chief Financial Officer & Senior Vice President
James Norman Roche Non-Executive Chairman
Kevin Michael Colbow Chief Technology Officer & Senior Vice President
Mircea Gradu Chief Engineering Officer & Senior Vice President
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